This seminar will provide both an overview and detail on the commercial surety line of business. It will be presented by experienced and knowledgeable commercial surety underwriters and professionals. The Seminar will provide newer entrants into the surety industry with details regarding the many types of commercial surety bonds and considerations regarding the underwriting process. Underwriting issues will include topics such as bond language evaluation, financial analysis, indemnity, and assessment of the class of business risk. The seminar also will include a "taste” of more specialized bond types such as Customs bonds, reclamation bonds and workers’ compensation self-insurance bonds.

ADVANCE REGISTRATION

We will be accepting registrations on a first-come, first-served basis. To register, please fill out a Registration Form (and see note below on payment options). Please submit your registration by September 1, 2013 to ensure that you are included on the advance registration list. To verify that space is available, please call 202-463-0600.

CANCELLATION
POLICY

A full refund of the seminar registration fee will be
provided if the reservation is canceled by September 1, 2013.

HOTEL INFORMATION

The seminar will be held in Chicago at the Embassy Suites Hotel – Downtown (600 N. State Street). Take advantage of this worthwhile educational resource. Register early. Space is limited.

To
make hotel reservations, please call the Embassy Suites directly at 1-800-362-2779.
A special rate of $259 per night is
available for meeting attendees. All
reservations must be guaranteed with a valid credit card and are subject to a
24-hour cancellation policy. Please
mention that you are attending The Surety & Fidelity Association of America
Commercial Surety Seminar.

The deadline to
make reservations at the special rate is October 19, 2013.

PROGRAM
SCHEDULE

NOVEMBER
13, 2013

This session will
address the underwriting considerations, bond forms and statistics of three
frequently written license and permit bonds: contractor’s license, motor vehicle
dealer and mortgage broker.

10:00 a.m. – 10:45 a.m. COURT
BONDSElizabeth Heidl, Hanover Insurance

This section will
cover the forms and underwriting considerations of a primary type of bond
arising in court proceedings, a defendant’s appeal bond, and a major type of
fiduciary bond, a probate bond.

This session will
present techniques and skills to assist the surety professional in navigating
his or her way through the bond principal’s financial statement, including the
principal’s annual report, 10K, and 10Q.

Although
a newer surety professional may not encounter the higher risk bonds at the
early stages of his or her career, it is never too early to be exposed to
them. This session will cover the
underwriting considerations, bond forms and applicable statutes related to
workers’ compensation self-insurance bonds and mining reclamations bonds.

Indemnity is a critical
component of a surety’s risk mitigation strategy. Thus, a strong working knowledge of the
indemnity agreement is essential. This
session will cover the clauses of a typical general agreement of
indemnity. This session also will
include a discussion of the requirements of taking indemnity correctly,
depending on how the principal is organized.
Particularly in the area of commercial surety bonds, the underwriter
encounters bond principals that are organized in many different ways
(corporation, partnership, limited liability company, sole
proprietorship).

3:20 p.m. – 3:45
p.m. BREAK

3:45 p.m. – 4:30 p.m. REINSURANCESharon
Sims, Endurance Reinsurance

Some basic
reinsurance considerations are presented by a professional reinsurer, including
the types of reinsurance agreements for this product line, exclusions and why
they are inserted, and co-surety clauses.

Although
underwriting Customs bonds generally requires a specialized knowledge,
underwriters should have a general working knowledge of these bonds, as larger
principals often have Customs bond needs in addition to other commercial surety
needs. This session provides an overview
of the forms and underwriting considerations of Customs bonds.